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Condensed Consolidated Statement of Equity - USD ($)
$ in Thousands
Total
Total stockholders' equity
Preferred stock
Common stock
Additional paid-in capital
Distributions in excess of earnings
Accumulated other comprehensive loss
Noncontrolling interests in investment entities
Noncontrolling interests in Operating Partnership
Redeemable convertible preferred stock
Redeemable convertible preferred stock
Total stockholders' equity
Redeemable convertible preferred stock
Preferred stock
Redeemable convertible preferred stock
Additional paid-in capital
Cumulative Effect, Period of Adoption, Adjustment
[1]
Cumulative Effect, Period of Adoption, Adjustment
Total stockholders' equity
[1]
Cumulative Effect, Period of Adoption, Adjustment
Distributions in excess of earnings
[1]
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling interests in Operating Partnership
[1]
Beginning balance at Dec. 31, 2019 $ 655,447 $ 408,577 $ 63,250 $ 563 $ 455,680 $ (106,676) $ (4,240) $ 4,462 $ 242,408         $ (3,009) $ (2,185) $ (2,185) $ (824)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 9,135 6,992       6,992   (92) 2,235                
Unrealized cash flow hedge gains (losses) (7,489) (5,438)         (5,438)   (2,051)                
Realized cash flow hedge losses reclassified to net income 392 285         285   107                
Net proceeds from issuance of common stock 1,349 1,349   1 1,348                        
Restricted stock awards, net 777 777   1 776                        
Dividends declared on preferred stock (1,067) (1,067)       (1,067)                      
Dividends and distributions declared (17,134) (12,454)       (12,454)     (4,680)                
Ending balance at Mar. 31, 2020 638,401 396,836 63,250 565 457,804 (115,390) (9,393) 4,370 237,195                
Beginning balance at Dec. 31, 2019 655,447 408,577 63,250 563 455,680 (106,676) (4,240) 4,462 242,408         $ (3,009) $ (2,185) $ (2,185) $ (824)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 21,444                                
Unrealized cash flow hedge gains (losses) (9,768)                                
Realized cash flow hedge losses reclassified to net income 1,190                                
Ending balance at Jun. 30, 2020 646,946 406,522 63,346 570 460,339 (107,263) (10,470) 582 239,842                
Beginning balance at Mar. 31, 2020 638,401 396,836 63,250 565 457,804 (115,390) (9,393) 4,370 237,195                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 12,309 9,302       9,302   (44) 3,051                
Unrealized cash flow hedge gains (losses) (2,279) (1,657)         (1,657)   (622)                
Realized cash flow hedge losses reclassified to net income 798 580         580   218                
Net proceeds from issuance of common stock 4,416 4,416   5 4,411         $ 91 $ 91 $ 96 $ (5)        
Restricted stock awards, net 515 515     515                        
Acquisition of noncontrolling interest in real estate entity (6,130) (2,386)     (2,386)     (3,744)                  
Dividends and distributions declared (1,175) (1,175)       (1,175)     0                
Ending balance at Jun. 30, 2020 646,946 406,522 63,346 570 460,339 (107,263) (10,470) 582 239,842                
Beginning balance at Dec. 31, 2020 756,802 523,199 171,085 591 472,747 (112,356) (8,868) 488 233,115                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 6,009 5,198       5,198     811                
Unrealized cash flow hedge gains (losses) 2,276 1,685         1,685   591                
Realized cash flow hedge losses reclassified to net income 1,078 798         798   280                
Net proceeds from issuance of common stock 8,981 8,981   7 8,974                        
Restricted stock awards, net 632 632   1 631                        
Redemption of operating partnership units (3) 131     131       (134)                
Dividends declared on preferred stock (2,887) (2,887)       (2,887)                      
Dividends and distributions declared (12,136) (9,008)       (9,008)     (3,128)                
Ending balance at Mar. 31, 2021 760,752 528,729 171,085 599 482,483 (119,053) (6,385) 488 231,535                
Beginning balance at Dec. 31, 2020 756,802 523,199 171,085 591 472,747 (112,356) (8,868) 488 233,115                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 14,464                                
Unrealized cash flow hedge gains (losses) 1,807                                
Realized cash flow hedge losses reclassified to net income 2,181                                
Ending balance at Jun. 30, 2021 767,619 537,195 171,085 610 496,111 (124,697) (5,914) 634 229,790                
Beginning balance at Mar. 31, 2021 760,752 528,729 171,085 599 482,483 (119,053) (6,385) 488 231,535                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 8,455 7,026       7,026   0 1,429                
Unrealized cash flow hedge gains (losses) (469) (349)         (349)   (120)                
Realized cash flow hedge losses reclassified to net income 1,103 820         820   283                
Net proceeds from issuance of common stock 14,116 14,116   11 14,105                        
Restricted stock awards, net 473 473     473                        
Acquisition of noncontrolling interest in real estate entity (804) (950)     (950)     146                  
Dividends declared on preferred stock (2,887) (2,887)       (2,887)                      
Dividends and distributions declared (13,120) (9,783)       (9,783)     (3,337)                
Ending balance at Jun. 30, 2021 $ 767,619 $ 537,195 $ 171,085 $ 610 $ 496,111 $ (124,697) $ (5,914) $ 634 $ 229,790                
[1] The Company recorded cumulative effect adjustments related to the new Current Expected Credit Losses ("CECL") standard in the first quarter of 2020.